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Solve on excel and show how you got answer please! Budgeted sales of gloves for First Fleet for the first six months of the year
Solve on excel and show how you got answer please!
Budgeted sales of gloves for First Fleet for the first six months of the year 2018 are as follows: Months January February March April May June Unit Sales 350,000 410,000 380,000 360,000 640,000 750,000 The beginning inventory for 2018 is 105,000 units. The budgeted inventory at the end of a month is 30 percent of units to be sold the following month. Purchase price per unit is $3 per unit. Required: Prepare a purchases budget in units and dollars for each month, January through May Step by Step Solution
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